Real Vision CEO, Raoul Pal, sees it as a positive sign for Bitcoin that the crypto currency is gaining ground against gold. The persuasive power of Bitcoin as a store of value would increase enormously as a result of the gain over the precious metal. Three factors are responsible for the crypto currency’s soaring price:

In the first place the market entrance of PayPal inspired the tendency situation on the crypto market enormously, secondly there is an increasing interest of institutional investors and likewise the technical indicators in the long-term course diagram of Bitcoin are positively placed. Particularly after Bitcoin could crack the 12,000 US Dollar mark, the trade volume shot clearly upward and the crypto currency could leave many financial products behind itself in the course of its.